Dubai: AED 85 million Champions Tower II completely sold out

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Memon Group of Companies, a leading business conglomerate with interests in real estate development, trading, manufacturing and IT, has announced that Champions Tower II, an AED 85 million residential tower strategically situated within the enclaves of the Dubai Sports City, is completely sold out. The tower, due to be ready for delivery in 2008, has been sold following a surge of interest from international and local investors.

Champions Tower II, rising on 218,000 sq. ft. of built-up area, is a 13-storey tower and will offer a total of 174 apartments with the choice of 72 studios, 74 one bedroom and 28 two bedroom apartments, each with its own magnificent views and fine architecture. The tower is located in close proximity to an 18-hole golf course, a cricket stadium and academy, rugby & football pitches and a track & field stadium and offers an unparalleled range of activities for the family by benefiting from the secure and gated community of Dubai Sports City.

“The Middle East property market is witnessing a high growth with quality real estate projects. Envisioned and master planned by the company in Dubai's real estate growth corridor, Champions Tower II will offer residents with a distinctive and unique living environment that will cater to virtually all their needs. The success of Champions Tower II goes on to prove that customers continue to put a high value on quality real-estate development, especially as they typically put their lifetime savings behind such an investment,” said Ahmed Shaikhani, Managing Director of the Memon Group.

“We, at the Memon Group, are extremely conscious of the trust that our customers have reposed in us and consider it our responsibility to provide them with their dream homes that represent true value for money. We have worked very hard to ensure that Champions Tower II will meet the highest international standards and the rapid sale of this project is testimony to the success of the team,” he added.

Located in the multibillion dollar Dubai Sports City, Champions Tower II offers exceptional views to the front and rear. The tower is the height of luxury with attention given to detail and five star amenities. Residents can hobnob with sporting celebrities at the year-round events in Dubai Sports City, while enjoying the comfort and luxury of their exclusive Studios, One, Two and Three bedroom apartments. The Tower’s north end adjoins the new Emirates Road, thereby providing excellent accessibility to key locations.

“The Memon Group has built its reputation on a firm commitment to deliver on its promises to the customer, and we are focused on ensuring that Champions Towers II is completed within schedule. We realize that timely handover of projects has become as much an investor concern as construction quality and the facilities offered, and we are committed to allow our investors to take ownership of their properties without the least delay,” concluded Shaikhani.

The Memon Group of Companies, a $5 billion business group from Pakistan, is primed for further expansion in regional markets, and is expected to announce further projects in the near future. The Group had entered the real estate market in UAE with projects under the Champions branding. Champions Tower I, an AED 75 million tower, also located within Dubai Sports City, was released last year and sold out within a few months of its launch. The Group prides itself with an experience of over 28 years in real estate development across the world having delivered 30000 units, and has presence in 35 countries, apart from its trading, IT and manufacturing interests.

© 2006 Al Bawaba (www.albawaba.com)